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<blockquote data-quote="clueless" data-source="post: 730258" data-attributes="member: 15572"><p>Yep.</p><p></p><p>I'm not sure exactly which metrics the OP is comparing here--eps growth QoQ was 35% while net income grew at 32% QoQ--btw, the higher eps growth rate (vs. net income) is directly attributable to share repurchases which were discussed in a previous thread. However, those numbers were what The Street calls 'easy comparisons'--a quarter marked by fairly normal typical results compared to the carnage of the last year as we were still mired knee-deep in the "Great Recession." </p><p></p><p>Even comparing last year's numbers (i.e., the easy comparsion) and looking specifically at domestic operations as you suggest, total domestic revenues were up only 2.2%, average daily package volume was basically flat (up a mere 0.4%), operating profit from domestic operations was up approximately 17% on an adjusted (pro forma) basis.</p><p></p><p>Comparing the MRQ to the quarter 2 years ago (Q1 2008)--things are not so upbeat:</p><p></p><p>For the company as a whole:</p><p></p><p>Revenues down 7.5%</p><p>Operating Profit down over 30%</p><p>Net Income down over 41%</p><p>Eps--basic down 38%</p><p>Eps-diluted down 39%</p><p></p><p>For US Domestic Package:</p><p></p><p>Revenues down over 8%</p><p>Operating Profit down over 41%</p><p>Average Daily Volume down 4%</p><p>Average Revenue Per Piece down 3%</p></blockquote><p></p>
[QUOTE="clueless, post: 730258, member: 15572"] Yep. I'm not sure exactly which metrics the OP is comparing here--eps growth QoQ was 35% while net income grew at 32% QoQ--btw, the higher eps growth rate (vs. net income) is directly attributable to share repurchases which were discussed in a previous thread. However, those numbers were what The Street calls 'easy comparisons'--a quarter marked by fairly normal typical results compared to the carnage of the last year as we were still mired knee-deep in the "Great Recession." Even comparing last year's numbers (i.e., the easy comparsion) and looking specifically at domestic operations as you suggest, total domestic revenues were up only 2.2%, average daily package volume was basically flat (up a mere 0.4%), operating profit from domestic operations was up approximately 17% on an adjusted (pro forma) basis. Comparing the MRQ to the quarter 2 years ago (Q1 2008)--things are not so upbeat: For the company as a whole: Revenues down 7.5% Operating Profit down over 30% Net Income down over 41% Eps--basic down 38% Eps-diluted down 39% For US Domestic Package: Revenues down over 8% Operating Profit down over 41% Average Daily Volume down 4% Average Revenue Per Piece down 3% [/QUOTE]
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